AACSB, AMBA & BGA, and EFMD stand together in solidarity with the people of Ukraine. As global leaders in business education, our organisations support and serve educators and leaders in over 150 countries and territories through our commitment to the values of peace, safety, freedom, diversity, and social responsibility.

We are deeply concerned by the rapidly escalating humanitarian crisis resulting from the Russian invasion of Ukraine, and we are committed to supporting our Ukrainian Business Schools and their staff, faculty, and students as they defend their way of life and sovereignty.

Our colleagues at Russian universities, who have for many years been collaborative and supportive participants in our global networks, find themselves in an unprecedented and extremely difficult position due to the decisions and actions of their government. Still, we have collectively decided to suspend all membership and accreditation activities with Russian institutions until further notice. For students, the accreditation designation remains valid, and business degrees that have been conferred under that accreditation status are recognized as being from an accredited school at this time.

AACSB, AMBA & BGA, and EFMD stand firm with our communities in achieving peace, liberty, and global cooperation for the betterment of society.

*This statement, published on 9 March 2022, was updated on 15 March.